Amalgamated Bank Has $974,000 Holdings in Apple Hospitality REIT, Inc. (NYSE:APLE)

Amalgamated Bank trimmed its position in shares of Apple Hospitality REIT, Inc. (NYSE:APLE) by 4.2% during the third quarter, Holdings Channel.com reports. The firm owned 65,615 shares of the real estate investment trust’s stock after selling 2,910 shares during the period. Amalgamated Bank’s holdings in Apple Hospitality REIT were worth $974,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Apple Hospitality REIT by 3.5% during the first quarter. Vanguard Group Inc. now owns 35,555,550 shares of the real estate investment trust’s stock valued at $582,400,000 after buying an additional 1,217,142 shares during the last quarter. Masterton Capital Management LP bought a new position in Apple Hospitality REIT during the 2nd quarter valued at $3,378,000. Entropy Technologies LP purchased a new position in Apple Hospitality REIT during the 1st quarter worth $338,000. Dimensional Fund Advisors LP grew its stake in shares of Apple Hospitality REIT by 4.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,375,016 shares of the real estate investment trust’s stock worth $49,072,000 after acquiring an additional 154,159 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Apple Hospitality REIT by 14.9% in the third quarter. Sound Income Strategies LLC now owns 818,601 shares of the real estate investment trust’s stock valued at $12,156,000 after purchasing an additional 105,993 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors.

Apple Hospitality REIT Stock Performance

Shares of APLE stock opened at $15.60 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 18.35 and a beta of 1.11. Apple Hospitality REIT, Inc. has a 52 week low of $13.60 and a 52 week high of $17.90. The firm’s 50-day simple moving average is $14.98 and its two-hundred day simple moving average is $14.65.

Apple Hospitality REIT (NYSE:APLE) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). Apple Hospitality REIT had a return on equity of 6.17% and a net margin of 14.53%. The company had revenue of $378.84 million for the quarter, compared to analysts’ expectations of $377.56 million. During the same quarter in the previous year, the business earned $0.45 EPS. As a group, equities analysts forecast that Apple Hospitality REIT, Inc. will post 1.6 earnings per share for the current year.

Apple Hospitality REIT Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a $0.08 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.96 annualized dividend and a dividend yield of 6.16%. Apple Hospitality REIT’s payout ratio is presently 112.94%.

Analyst Ratings Changes

Several research firms recently weighed in on APLE. Wells Fargo & Company cut their price target on shares of Apple Hospitality REIT from $16.00 to $15.00 and set an “equal weight” rating on the stock in a report on Friday, September 13th. StockNews.com downgraded Apple Hospitality REIT from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $18.00 price target (up from $17.00) on shares of Apple Hospitality REIT in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, Apple Hospitality REIT presently has a consensus rating of “Hold” and an average price target of $16.50.

Apple Hospitality REIT Profile

Apple Hospitality REIT, Inc (NYSE: APLE) is a publicly traded real estate investment trust (REIT) that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 223 hotels with more than 29,400 guest rooms located in 87 markets throughout 37 states as well as one property leased to third parties.